Alibaba’s Jack Ma shows no interest in Bitcoin

At the Second World Smart Conference in Tianjin China on May 16, Jack Ma, Chairman of Alibaba Group’s Board of Directors, said when talking about the blockchain industry that has received extensive attention recently, “The blockchain is not a bubble, the bitcoin is.”

Jack Ma bluntly stated that blockchain is a solution to how to protect user privacy in the data era. However, companies or individuals entering the blockchain industry regard it as a channel for making money. “I am very optimistic about the blockchain. Alibaba has several years of experience in blockchain research. If the blockchain can solve the problem of data security and privacy, the company with the largest number of global technology patents is Alibaba, but Ali didn’t want to turn it into Bitcoin,” Ma said. (Source: 8btc.com)